Prudential’s Fifth Annual Global Volunteer Day Kicks-off Company’s 125th Anniversary Celebration

Prudential’s Fifth Annual Global Volunteer Day Kicks-off Company’s 125th Anniversary Celebration

NEWARK, N.J.–(BUSINESS WIRE)–Oct. 1, 1999–

Twenty thousand Prudential employees worldwide

Set to Pitch-in on October 2

Paid Volunteer Release Day Announced for Prudential Employees

As The Prudential Insurance Company of America enters its 125th year, more than 20,000 employees from around the world are preparing for the most far-reaching day of volunteerism in the company’s history. October 2 will mark Prudential’s Fifth Annual Global Volunteer Day: a day when Prudential employees, along with friends and family, come together around the world to volunteer at non-profit organizations in the communities where they both live and work.

Moreover, Global Volunteer Day marks the announcement from Prudential of a paid employee volunteer release day, a day where employees can volunteer on company time at a non-profit of their choice.

“Prudential’s 125 year commitment to its founding principle of providing financial security and peace of mind to all has never wavered,” said Art Ryan, chairman and CEO of Prudential. “‘Doing well by doing good’ still supports the philosophy of all Prudential’s business units – as led by Prudential’s Community Resources Division.”

To herald the company’s 125 year milestone, Prudential employees are committing to contribute 125,000 hours of volunteer service between Global Volunteer Day 1999 and Global Volunteer Day 2000.

Twenty thousand Prudential employees and their families are expected to participate in Global Volunteer Day 1999 – a 54% increase over last year’s highly successful event. Hundreds of community service initiatives – providing support at shelters and food pantries, walks to cure diabetes, park and school beautification projects and wildlife rescues, to name only a few – will take place in the United States, Canada, Hong Kong, Italy, Japan, Taiwan, Korea, the Philippines, Poland, Brazil and Argentina. Each community outreach effort has been selected and organized by the participating Prudential employee group.

“For 125 years, Prudential has been dedicated to helping communities become healthy and strong,” added Gabriella Morris, vice president of Prudential’s Community Resources Division. “We’re especially proud to see Global Volunteer Day expanding further into international offices. Volunteerism seems to be a universal language in all the participating countries.”

According to a soon to be released publication from The Boston College Center for Corporate Community Relations, “Corporate Volunteerism,” a number of volunteerism trends have been identified. The publication cites worldwide research conducted by Lion’s Club International, in which nearly half of those queried said they would be more inclined to volunteer if someone asked for their help. Another citation from a Metro Chicago Information Center survey states that 69% of adults volunteer when an employer provides incentives, while only 49% volunteer without incentives.

“Current research indicates that an untapped volunteer resource exists within corporate America,” Mr. Ryan commented. “More Americans will participate in volunteer efforts if corporate sponsors show them the way. At Prudential, we recognize that it takes the efforts of all citizens, individual and corporate, to make a community a success.”

During Global Volunteer Day, volunteer projects that meet selected criteria earn a Challenge Grant, a $1,000 grant from The Prudential Foundation to the partnering non-profit organization. This year’s Global Volunteer Day has over 275 individual volunteer events registered to take place.

Prudential is the largest insurance company in North America and one of the world’s largest financial institutions. By donating millions of dollars and thousands of employee volunteer hours each year, Prudential supports a wide variety of non-profit programs, benefiting local communities across the United States and abroad.

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